Filing Details

Accession Number:
0001209191-14-053869
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-08-21 17:22:47
Reporting Period:
2014-08-21
Filing Date:
2014-08-21
Accepted Time:
2014-08-21 17:22:47
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1108109 Community Health Systems Inc CYH Services-General Medical & Surgical Hospitals, Nec (8062) 133893191
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1018653 Larry W Cash 4000 Meridian Boulevard
Franklin TN 37067
President And Cfo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2014-08-21 60,000 $37.21 356,957 No 4 M Direct
Common Stock Disposition 2014-08-21 51,472 $51.02 305,485 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Options (Right to Buy) Disposition 2014-08-21 60,000 $0.00 60,000 $37.21
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2008-02-28 2015-02-27 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Options (Right to Buy) $40.41 2008-07-25 2015-07-24 200,000 200,000 Direct
Common Stock Stock Options (Right to Buy) $32.28 2009-02-27 2018-02-26 60,000 60,000 Direct
Common Stock Stock Options (Right to Buy) $18.18 2010-02-25 2019-02-24 20,000 20,000 Direct
Common Stock Stock Options (Right to Buy) $33.90 2011-02-24 2020-02-23 25,000 25,000 Direct
Common Stock Stock Options (Right to Buy) $37.96 2012-02-23 2021-02-22 25,000 25,000 Direct
Common Stock Stock Options (Right to Buy) $21.07 2013-02-16 2022-02-15 20,000 20,000 Direct
Common Stock Performance Based Restricted $0.00 2015-03-01 2024-02-29 75,000 75,000 Direct
Common Stock Performance Based Restricted $0.00 2015-03-01 2024-02-29 150,000 150,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2015-07-24 200,000 200,000 Direct
2018-02-26 60,000 60,000 Direct
2019-02-24 20,000 20,000 Direct
2020-02-23 25,000 25,000 Direct
2021-02-22 25,000 25,000 Direct
2022-02-15 20,000 20,000 Direct
2024-02-29 75,000 75,000 Direct
2024-02-29 150,000 150,000 Direct
Footnotes
  1. The shares were sold in a series of transactions at a weighted average price of $51.019 per share.
  2. Each performance based restricted share represents a contingent right to receive one share of CYH common stock. There are two elements to the lapsing of the restriction; first, the Company must achieve specified targeted amount of earnings per share from continuing operations, or net revenue from continuing operations, and if the performance objective is met, the vesting restrictions will lapse in 1/3 increments on the first, second and third anniversary of the date of grant. If the objectives are not met, the shares will be forfeited.
  3. Each performance based restricted share represents a contingent right to receive one share of CYH common stock. The lapsing of the restrictions is dependent on the Company meeting certain cost savings ("synergies") from the Health Management Associates, Inc. merger transaction. The performance target may be met in part in the first year or in whole or in part over the first two years. There is also a time vesting element to the maximum targets of the award. If the objectives are not met, the shares will be forfeited.